Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany - 2023

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany (CIF) - 2022
2. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany (FOB) - 2022
3. Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany
4. Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany (CIF) - 2022

In 2022, the average import price for cocoa; shells, husks, skins and other cocoa wastes amounted to $1,239 per ton, surging by 115% against the previous year. In general, the import price posted a measured expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,793 per ton), while the price for Switzerland ($219 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany (FOB) - 2022

In 2022, the average export price for cocoa; shells, husks, skins and other cocoa wastes amounted to $117 per ton, falling by -15.9% against the previous year. Over the period under review, the export price recorded a slight curtailment. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. The export price peaked at $161 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($176 per ton), while the average price for exports to the Netherlands ($97 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany

After three years of growth, purchases abroad of cocoa; shells, husks, skins and other cocoa wastes decreased by -19.6% to 7.5K tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 51%.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes surged to $9.3M in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 101%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Cocoa; Shells, Husks, Skins and Other Cocoa Waste to Germany in 2022:

1. France (4.6K tons)
2. Netherlands (2.1K tons)
3. Switzerland (0.4K tons)
4. Ghana (0.1K tons)

Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Germany

In 2022, overseas shipments of cocoa; shells, husks, skins and other cocoa wastes decreased by -6% to 40K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 46% against the previous year. As a result, the exports attained the peak of 44K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes dropped markedly to $4.7M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 42%.

Top Export Markets for Cocoa; Shells, Husks, Skins and Other Cocoa Waste from Germany in 2022:

1. Belgium (14.6K tons)
2. Netherlands (13.3K tons)
3. Italy (5.7K tons)
4. France (3.0K tons)
5. Czech Republic (1.9K tons)
6. Denmark (0.6K tons)

Source: IndexBox Market Intelligence Platform